Milling & Baking News - May 8, 2018 - 8

Late News


Continued from Page 1

MAY 10
The U.S.D.A. will issue its
first winter wheat yield and
production forecasts for the
season on May 10. Last week,
the Wheat Quality Council's
annual hard winter wheat tour
forecast Kansas winter wheat
yield this year at 37 bus per
acre. The final crop yield will
depend on May and June

Crop condition ratings
across most of the Central
states were mostly
favorable ahead of the
U.S.D.A. report.

Trusted since 1886. Today, Mennel is made up of 6
state-of-the-art flour mills; 10 country grain elevators;
2 trucking companies; a bakery mix facility;
a popcorn facility; among other businesses.
Mennel Headquarters * 319 S Vine St. * Fostoria, OH
800-688-8151 *
8 / April 24, 2018

Milling & Baking News

an introduction to the rule. "To
that end, A.M.S. has tried to
craft requirements that are clear
and straightforward, incorporating flexibility where appropriate. Public input has been
invaluable to this effort, and
public comments submitted in
response to this proposed rule
will be critical in the development of a final rule." A number
of different ways to determine
which foods will be covered
by the rule are presented in
the A.M.S. document, and the
U.S.D.A. said it would look to
public input to help it formulate the final rule.

Kellogg earnings rise
67% in quarter
The ability to stabilize its cereals business while accelerating
growth in frozen foods and
Pringles proved pivotal in spurring sales and earnings gains at
Kellogg Co. in the first quarter.
Net income in the quarter ended
March 31 totaled $444 million,
equal to $1.28 per share on the
common stock, up 67% from
$266 million, or 76c per share, in
the same period a year ago. Net
sales increased 4.7% to $3,401
million from $3,248 million in
the period. In a May 3 conference call with analysts, Steven A.
Cahillane, chairman, president
and chief executive officer, identified three areas of emphasis for
the Battle Creek-based company:
returning to top-line growth,
achieving full-year guidance
and reshaping the portfolio.

Utz, M.L.B. ink
sponsorship deal
HANOVER, PA. - Utz Quality Foods L.L.C., the largest
privately-held and familymanaged salty snack company
in the United States, has partnered with Major League Baseball (M.L.B.) in a new, multifaceted sponsorship agreement.
The multi-year agreement will
extend across television, digital
media and retail locations and

makes Utz the "Official Salty Snack of
M.L.B." The agreement
marks Utz's first with
a professional sports
league. The company
said it plans to create
new, baseball-themed
packaging for a variety of products, including classic ballpark
snacks such as pretzels, potato
chips, cheeseballs and popcorn.

Ingredion income
increases in quarter
freight and production costs in
North America bogged down
earnings in that region, but
overall income improved at
Ingredion, Inc. in the first quarter behind the strength of operations in South America and
EMEA. Net income in the first
quarter ended March 31 totaled
$140 million, equal to $1.94 per
share on the common stock, up
13% from $124 million, or $1.72
per share, in the same period a
year ago. Net sales increased
1%, climbing to $1,469 million
from $1,453 million. Operating
income in North America in the
first quarter of fiscal 2018 totaled
$143 million, down 9% from the
same period a year ago. Sales in
the division fell 1% to $874 million from $881 million.

Le Duff America
names new c.e.o.
DALLAS - Lionel Ladouceur
has been named chief executive
officer of Le Duff America, the
U.S.-based subsidiary of Groupe
Le Duff. He succeeds Olivier
Poirot, who is leaving the company to pursue other opportunities. Mr. Ladouceur has more
than 25 years of restaurant industry experience in operations,
franchise and general management in the United States, Canada and Europe. Most recently
he was c.e.o. of Simport Scientific and earlier was c.e.o. of the
restaurant division of Auchan
Groupe and c.e.o. of Bridor Inc.
and Brioche Doree in Canada
and the Northeast U.S. MBN /

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